Coincidentally a similar thing is occurring at the moment in Canada.
http://www.theglobeandmail.com/globe-investor/the-minnow-in-...
"Canada's telecom giants are fighting a pitched battle to keep Globalive out of the wireless pool. But CEO Anthony Lacavera and his Egyptian partner are determined to bring competition to the industry. Is this the beginning of the end for the cozy wireless establishment?"
Unsurprisingly the three existing companies are trying to lobby the government to keep this new entrant out.
Unfortunately the government when selling new spectrum also sold large amounts of it to the existing incumbents. The prices are so high here that the incumbents shouldn't have had a chance to bid. Canada is among the highest in mobile rates in the Western world. Here's hoping Globalive will shake things up.
An upstart entrepreneur is breaking the market open with a radical price-lowering plan, with the full support of regulators ("To their credit, France’s authorities have backed Mr Niel all the way")? I'll believe that when I see it.
http://www.theglobeandmail.com/globe-investor/the-minnow-in-... "Canada's telecom giants are fighting a pitched battle to keep Globalive out of the wireless pool. But CEO Anthony Lacavera and his Egyptian partner are determined to bring competition to the industry. Is this the beginning of the end for the cozy wireless establishment?"
Unsurprisingly the three existing companies are trying to lobby the government to keep this new entrant out.